SAA targets R1 trillion

forecast of 88 000 South African jobs across on aggregate through all sectors including tourism, foreign direct investments, goods and services.

Myeni said the outlook for growth in continental aviation was positive, pegged at just over 6 percent for the next 12 months.
“The Gross Domestic Product forecast at 5 percent growth indicated that a robust aviation sector will drive growth substantially.

“With growing world interest in Africa’s rich mineral and agricultural resources as well as increased stability in the region, the stage is set for a giant leap forward in development and upliftment of the continent.

“Aviation will play an integral role as a socio-economic enabler during this process,” Myeni said ahead of the International Air Transport Association General Meeting scheduled for in Cape Town from June 2-4.

Myeni added that SAA, inspired by its current strategic direction, plans to up the stakes on its asset utilisation while simultaneously growing its non-asset based codeshare partnerships.

“Notwithstanding any fleet re-equipment decisions the airline still enjoys substantial latitude in terms of expanding its network offering to both travellers and business through strategic partnerships.

“It is our intention to take greater advantage of our Star Alliance membership whilst also seeking out non-aligned strategic partners,” Myeni said.
Meanwhile, led by the Shareholder Minister (State Enterprises), Minister Malusi Gigaba and supported by SAA’s Acting CEO, Nico Bezuidenhout, the SAA delegation at the IATA AGM will lead a conversation on the continental airlift and the Yamoussoukro declaration.
Under the declaration, many countries agreed to principles of air services liberalisation. – CAJ News.

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